Market News

  • Brent climbs towards $101, pulls away from 16-month low

    Brent crude rose towards $101 a barrel on Wednesday, pulling away from a 16-month low hit in the previous session, supported by encouraging U.S. A stronger greenback makes it more expensive for oil importing countries to buy the dollar-denominated commodity.

    Reuters17 mins ago
  • Europe shares higher; miners fall; ECB decision eyed

    European shares were higher as investors focused on the ECB's policy meeting on Thursday, although gains were capped by weakness seen in the basic resources sector.

    CNBC22 mins ago
  • Gold struggles near 2-1/2-mth low as stronger dollar weighs

    Gold struggled on Wednesday to recover strongly from sharp overnight losses and traded near its lowest level in two-and-a-half months on a stronger dollar and robust U.S. Spot gold ticked up slightly to $1,268.16 an ounce by 0630 GMT, not far from $1,262.42, its lowest since mid June, hit in the…

    Reuters29 mins ago
  • Gold bounces off 11-week low

    Gold prices rebounded just slightly from the prior session’s 11-week low, shaking off concerns of a strengthening dollar and an improving U.S. economy to show signs of life in an otherwise dreary stretch....

    MarketWatch29 mins ago
  • Zambia waives VAT rule for mining firms, other exporters

    Zambia will from Sept. 8 waive a rule requiring mining companies and other exporters to produce import certificates from destination countries in order to claim tax refunds, the Zambia Revenue Authority (ZRA) said. He added that the government planned to negotiate a staggered repayment of $600…

    Reuters33 mins ago
  • Japan equities extend rally to 7-month high

    Wednesday 07.20 BST. Japanese stocks extended their rally to a seven-month high while Hong Kong equities had their biggest rise in nearly a year, boosted by a weakened yen and signs of a rebound in China's ...

    Financial Times50 mins ago
  • Nikkei jumps to seven-month high on renewed "Abenomics" hopes

    Japanese shares hit a seven-month high on Wednesday, with financial shares leading the gains, in the hope a cabinet reshuffle by Prime Minister Shinzo Abe giving fresh impetus to his "Abenomics" growth-promoting policies. Exporters' shares also rode high as the yen weakened to an eight-month low…

    Reuters
  • Hyundai 2014 Clearance Don't Pay MSRP of $14,645

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  • Nikkei jumps to 7-month high on renewed "Abenomics" hopes

    * Brokerage shares best performers due to pension reform hopes * Exporters gain as yen falls near 5-year low * Fuji Heavy hits record high By Hideyuki Sano TOKYO, Sept 3 (Reuters) - Japanese shares hit a seven-month high on Wednesday, with financial shares leading the gains, in the hope a cabinet…

    Reuters
  • Asian shares rise, dollar on top of the heap

    Upbeat Chinese services activity reports helped lift Asian shares on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. Chinese stocks cheered the reports, with the Shanghai Composite Index (.SSEC) and the Hang Seng…

    Reuters
  • Thai govt sells half of rubber stockpile

    * Deal to sell remaining stockpile expected end-Sept BANGKOK, Sept 3 (Reuters) - The Thai military government has sold half of the country's 200,000 tonne rubber stockpile to a Thai rubber exporter and aims to sell the rest by the end of September, a senior government official said on Wednesday. …

    Reuters
  • German Online Fashion Retailer Zalando Plans to IPO This Year

    Zalando SE, Europe’s largest online shoe and fashion retailer, plans to sell as much as 11 percent of its shares in an initial public offering this year, marking a coming of age for a Berlin-based startup industry that has yet to produce a big sale or IPO. The seller of everything from $2,000…

    Bloomberg
  • [$$] Subzero Eurozone Yields Point to ECB Power, Problems

    Yields on two-year bonds from five eurozone countries are negative. That's a reminder of how distorted and fragile financial markets are.

    The Wall Street Journal
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  • U.S. Stocks End Mostly Lower

    U.S. stocks ended mostly lower Tuesday, pulling back from gains in August that were the largest monthly increases for the Dow and the S&P 500 since February.

    The Wall Street Journal
  • [$$] Gold, Palladium Fall as Dollar Rallies

    Gold prices fell to a two-month low on Tuesday and palladium posted its steepest decline in 2½ months, as pressure from a stronger dollar snuffed out investor appetite for the haven assets.

    The Wall Street Journal
  • [$$] Halliburton to Settle Deepwater Horizon Claims for $1.1 Billion

    Halliburton said it agreed to a $1.1 billion settlement covering a substantial majority of claims related to the 2010 Deepwater Horizon rig explosion in the Gulf of Mexico.

    The Wall Street Journal
  • [$$] Anglo American CEO Says Open to Takeover Offers

    The chief executive of Anglo American, one of the world's largest mining companies, said he won't pull up the drawbridge if a compelling takeover offer arrives.

    The Wall Street Journal
  • Corrections & Amplifications

    Corrections & Amplifications for the edition of Sept. 3, 2014.

    The Wall Street Journal
  • Ukraine crisis puts palm oil price in a slide

    At first glance it would be hard to see an immediate link between the military turmoil in Ukraine and the price of shampoo. But the price of palm oil - a key ingredient in shampoo and also in many processed ...

    Financial Times
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  • Sensex, Nifty hit record high; IT stocks surge

    Reuters Market Eye - The Nifty rose as much as 0.48 percent to a third consecutive record high at 8,124.05. The Sensex also touches an all-time high of 27,148.90 Software stocks gain after bullish U.S. ...

    Reuters